Economic Honesty Deflates Campaign Claims
5/31/2012 2:20:54 PM - Michael Medved
President Obama seeks re-election by touting his record as a “job creator,” but indisputable statistics from his own Labor Department deflate his claims. Fewer people hold jobs today than when Obama became president, while the number of “unemployed” soared, and those who gave up looking for work rose even more dramatically--from 81 million all the way to 88 million.
In April, 342,000 more people gave up the job search, meaning that the percentage of the work-age population either looking for work or holding jobs fell to 63.6 percent, the lowest level in more than 30 years. The president can try to manipulate figures to insist that his policies are working, but the raw numbers show that public perceptions are right: finding work remains fiendishly difficult in a recovery that could count as the most anemic on record.